Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Develop Global Ltd is a resource exploration company. The Company is involved in the exploration and development of base metals and mining services. It owns and operates copper and zinc projects in Western Australia. The Company’s projects include the Sulphur Springs Project and the Whim Creek Joint Venture Project. Its segments include mining services and mining and exploration. The Sulphur Springs Project is located 144 kilometers (km) to the southeast of Port Hedland and includes the Sulphur Springs and Kangaroo Caves deposits together with tenements along the 27 km Panorama Trend, which provides commercial grade copper and zinc. The Whim Creek Copper-Zinc Project is located 115 km to the southwest of Port Hedland and includes the Whim Creek, Mons Cupri, Salt Creek, and Evelyn deposits, which provide copper. Its Underground Mining Services Division continues to perform as part of the services agreement at the Bellevue Gold Mine.
DVP - Develop Global Ltd
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